Listing Courtesy of: REBNY / Listed By: Corcoran Group
48 4th Avenue Brooklyn, NY 11217
Active
$3,600,000 (USD)
Description
MLS #:
RLS20110936
RLS20110936
Taxes
$5,400
$5,400
Lot Size
856.6 acres
856.6 acres
Type
Multifamily
Multifamily
Year Built
1900
1900
County
Kings County
Kings County
Community
Boerum Hill
Boerum Hill
Listed By
Anthony Morris, Corcoran Williamsburg Bedford
Lisa James, Corcoran Williamsburg Bedford
Lisa James, Corcoran Williamsburg Bedford
Source
REBNY
Last checked Aug 25 2026 at 8:06 PM GMT+0000
REBNY
Last checked Aug 25 2026 at 8:06 PM GMT+0000
Bathroom Details
- Full Bathrooms: 3
Interior Features
- Laundry: In Unit
- Smoke Free
Subdivision
- Boerum Hill
Basement Information
- Other
Stories
- 3
Living Area
- 3,200 sqft
Location
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by The Corcoran Group and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2026 Real Estate Board of New York (REBNY). All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 8/25/26 13:06
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A Rare Brooklyn Value-Add & Development Opportunity
Introducing 48 4th Avenue-an exceptional multifamily investment opportunity positioned along one of Brooklyn's most dynamic commercial and residential corridors. Whether you're an investor seeking a value-add acquisition, a developer evaluating future potential, or a long-term owner looking to expand your portfolio, this property offers the flexibility to create value in a highly desirable location.
With the potential to be delivered vacant, 48 4th Avenue presents a unique opportunity to renovate, reposition, redevelop, or reimagine the asset to meet your investment objectives. Opportunities offering this level of flexibility in a prime Brooklyn location are increasingly rare.
For investors pursuing tax-deferred investment strategies, 48 4th Avenue may also warrant consideration as a potential replacement property in a 1031 Exchange, subject to each purchaser's individual investment objectives and consultation with their legal and tax advisors.
Ideally situated on the vibrant 4th Avenue corridor, the property benefits from proximity to established residential neighborhoods, neighborhood retail, restaurants, parks, and convenient public transportation-location fundamentals that continue to attract investors seeking long-term appreciation and redevelopment opportunities.
Investment Highlights
Multifamily building Value-add repositioning opportunity Potential for vacant delivery Development potential for qualified purchasers to explore Attractive opportunity for long-term investors and developers May work for buyers considering a 1031 Exchange strategy Prime Brooklyn location with excellent connectivity and neighborhood amenities Properties with this combination of location, flexibility, and future potential seldom become available.
Value-Add. Development Potential. Vacant Delivery. 1031 Exchange Opportunity.
One Property. Multiple Investment Strategies.
Prospective purchasers should consult with their attorney, accountant, and qualified intermediary regarding the applicability of Section 1031 of the Internal Revenue Code to their individual circumstances.